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Subsidy Tracker Individual Entry

Company: 
LSI
Parent Company: 
Broadcom
Subsidy Source: 
multiple
Location: 
Oregon
City: 
Gresham
County: 
Multnomah
Project Description: 

computer chip plant

Year: 
1995
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
electronic equipment
Subsidy Value: 
$113,000,000
Program Name: 
Strategic Investment Program
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,000
Capital Investment: 
$4,000,000,000
Source of Data: 

The subsidy figure and the jobs and investment projections came from: Jim Barnett, "Tax Break Potential Lures Huge LSI Project," The Oregonian, July 18, 1995.

Notes: 

The subsidy award, which LSI insisted on if it was to proceed with the huge project, consisted of local property tax abatements made possible by the state's Strategic Investment Program (SIP). In 2006 the plant was sold to ON Semiconductor, which was given a $1.5 million forgivable loan through the Governor's Strategic Reserve Fund (Mike Rogoway, "ON Semi plans 20 years in Gresham," The Oregonian, May 12, 2006) and later a $420,000 property tax abatement (Quinton Smith, "ON Semiconductor to receive tax break," The Oregonian, May 29, 2010). A $29 million SIP listing for 1995 is included in the main Subsidy Tracker data.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.